HG Capital related stories
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Europe in 2020: Banner year for fundraisingDespite political headwinds and macroeconomic concerns across the continent, European giants are returning to market with record targets.
LISTEN: Private equity in a downturn – the LP viewHow will the next downturn affect private equity? Hamilton Lane's Jim Strang discusses the risks investors face.
Cinven sells 40 pct of Visma to HG Capital-led groupCinven said June 29 that it sold its 40 percent stake in Visma to an investor group led by HgCapital. Cinven said it would retain a minority stake in the group. The total transaction is valued at 4.7 billion euros ($5.36 billion). Visma provides software to SMBs in the Nordic and Benelux region. Cinven was advised on this transaction by Freshfields Bruckhaus Deringer.
Uni-Select to buy Parts Alliance from HgCapital in $356 mln dealUni-Select Inc (TSX: UNS) has agreed to acquire Parts Alliance Group Ltd, a British distributor of automotive aftermarket parts with 161 corporate stores and 38 affiliated locations. The deal is valued at about $356 million (£205.0 million) and expected to close in the third quarter of 2017. The seller is U.K. private equity firm HgCapital, which first invested in Parts Alliance in 2012. Uni-Select, a Boucherville, Québec distributor of automotive refinish and industrial paint products and aftermarket parts, said the deal will facilitate its entry into the European market with a leadership position in the United Kingdom.
- KIA promotes head of alternatives to top job - reports
Farouk Bastaki will replace current managing director Bader Al Saad in April.
- Tax accounting software firm Avalara prepares IPO, say sources: Reuters
U.S. tax accounting software company Avalara Inc has interviewed banks to help prepare for an initial public offering (IPO) that could come in 2017 and value the company at roughly $1 billion, sources told Reuters.
- Calligo attracts $20 mln from Investcorp
Investcorp has agreed to invest $20 million in Calligo Limited, a cloud solutions provider for mid-sized companies. Q Advisors provided financial advice to Calligo on the transaction and also served as a placement agent.
- Lexington acquired stakes in $1bn Texas ERS sale
The deal closed around six months after a board member at the US pension expressed scepticism about selling stakes on the secondaries market.
- CVC taps Rothschild for sale of Dutch HR services company Raet: Reuters
European buyout house CVC Capital Partners [CVC.UL] is seeking an exit from Dutch HR software and services provider Raet, Reuters News reported.
- Fe3 Medical nabs $11 mln Series B
Fe3 Medical, a San Antonio, Texas-based company developing a transdermal patch that delivers iron for patients suffering from iron-deficiency anemia, closed an $11 million Series B financing round led by Jianmin Pharmaceuticals, HG Capital and PingAn Ventures. Existing investor InCube Ventures also participated in the round. Fe3 was spun out of InCube Labs, an incubator for medical and technology companies.